Betting Vocabulary

A

Account – an arrangement by which a body (bookmaker in our case) holds funds on behalf of a client (player) or supplies goods or services to themAction – having a wager on a gameArb – is a situation when the bettor can make a profit regardless of the outcome by placing one bet per each outcome with different betting companiesArber – a person who is making bets on arbsAsian handicap – combines two bets of decimal and fractional handicap. The value is split between them.

B

Bad beat – losing a bet you should have won or, in other words, a bet has not succeededBet – a sum of money gambledBetting exchange – a platform created for customers to wager on the outcome of the eventBettor – a person who bets, especially on a regular basisBet slip – a set of selected events (basket)Bookie – short for sportsbook or bookmaker that takes bets and charges vig

C

Cancelled bet – a bet returned. The bookmaker cancels the bet and returns money to the player.

Chalk – favorite in the game

Corner – corner kickCorrect score – exact score

D

Deposit – a sum of money you fill your bookmaker account with Dime – slang for a $1,000 bet. If you bet "three dimes" that means a $3,000 wagerDog – outsider team in the gameDouble chance – an outcome type having 1X, 2X or 12 lines1X – Team1 wins or draws2X – Team2 wins or draws12 – Team1 or Team2 winsDraw – even score at the game conclusion

E

F

Favorite – a player or a team that considers being a favorite of the game or event (dog)Forecast – predictionFulltime - a match, full time of the game

G

Goal – a process of kicking a ball into the gates, or the point that is scored by doing this

H

Halftime – half of the game Handicap – an advantage given to someone who is not a good player in order to make the players more equal. As you improve, your handicap gets lowerHat-trick – a three-goal betHome – home team win

I

In-play wagering – a service where bettors can place multiple bets in real time

J

Juice – commission the bookie takes. Standard is 10%, also called a vig

L

Live - real time events Lock – a guaranteed win of a player who made a betLoss - the disadvantage you suffer when you fail in a bet

M

Margin – net earnings of the bookmaker disregarding punter's win or lossMiddle – a bet on two outcomes where both can be winning sides with minimal riskMoneyline – observation of 1- and 2-outcome lines formation

O

Odds – price, chanceOdds against – profit is higher than betOdds on – profit lover than betOpen bet – the bet which is not settled yetOutcome – result of the eventOutsider – not favorite

P

Parlay – a wager in which multiple teams participate. The more teams you bet, the higher the odds.Payment / payoff – the action or process of paying (bookie or any other service)Pending bet – the bet which is not settled yetPrediction – forecastProfit – advantage; benefit; a financial gain, especially the difference between amount earned and amount spentPunter – player; gamblerPush – a return

R

Result - a favorable outcome of an undertaking or contest

S

T

Tie – a drawTips – hints offered by expertsTotal – the whole number or amount; outcome; points; eventual scoreTotal over (TO)/ under (TU) – used to describe the total combined points of a team in a game